How has the COVID19 affected you financially?

[DreamChaser23]

Are you able to pay all your bills/mortgage/rent?

Do you think you will have a job come November?

We've only been slightly affected financially, I am receiving my usual wage as I am still going to work, DP is receiving his standard wage as he too is still working, however he is not getting his usual overtime amount (a very small amount)

As we are no longer paying our gym DDs or wraparound care costs for DD we are probably even slightly better off.

We've been living on a strict budget and putting every spare penny away in easy access savings, just as a precaution in case our wages are cut (not working our usual hours but still being paid for them)

I work in education and have been working fewer hours for the same pay. My job is secure, as far as I know - but then again, who knows what will happen to educational funding after this. Depending on the cuts to education, my job might not be as secure as I’d like to think.

Due to separating from my husband a couple of weeks into lockdown, my income is now being supplemented by UC.

STBExH has been massively affected - he had various sources of income, which have all dried up as far as I can see. He is getting a pittance in terms of 80% of his income, because he is SE, and on paper, made it look like he earned a lot less than he actually did, for tax purposes.

He has a huge mortgage and is definitely struggling.

So far ok but my job is not very secure now so who knows - however, I've been there a long time so even statutory redundancy pay will help.

My husband's job is very secure and we'd just about be ok without my income if we don't do anything out of the house (like now!).

Much more worried about the long term economic fallout of all this and the health implications that has.

My OH has been furloughed- on full salary though. But he works for a small company, so no idea when or if he will have a job to go back to.
I run a small business from home, and my revenue has doubled in the past few months. Buying stock is harder and more expensive though, but I will weather the storm.

So far, no financial impact.

DH is WFH on full salary.

I'm a teacher, also on full salary.

No breakfast club / days out means we're saving money.

Food shop has more than doubled though.

We’re so lucky, we came back from travelling in February, I walked into an admin job for the nhs at the end of February, and DH works in agriculture, we have our own business.
I’ve taken on more hours since all this started (I began on 24 hours a week to allow for our other businesses) and DH has now started his peak season, which will run to probably the start of October. Fuel prices have dropped massively and helped our running costs.
We have another side business, which is linked to the wedding industry but the income from which we don’t rely on. Covid has decimated that for us this year but we’ll be rushed off our feet next year so swings and roundabouts!
My job is completely secure, our only concern is that we aren’t sure how farmers may be impacted by this yet, but we remain optimistic.

I’m furloughed and expected to be so, on and off until the end of the scheme (small charity). We’re being rotated back into post in turn for three weekly stints

OH is self employed (contractor) and hasn’t been affected thus far, he’s WFH

We’ve both saved on fuel and incidental purchases when out and about with work. We don’t have lavish lifestyles, but we do go out for brunch, lunch and the odd dinner.

Long term, my job is looking a bit iffy, depending on how things pan out over the next few months, but I’m trying to stay positive.

I really feel for people who are struggling

We are both in secure jobs and now have no childcare costs. We have both had pay rises. We are totally over run though and just shattered. However I would take that over both of us losing our jobs. I am so sorry to those who it has affected negatively.

Can I just say for those of us who are doing OK financially it would be a good idea to donate to food banks and a charity if you can x

I would say we are better off. DP on full pay working from home, I am also on full pay working from home. I have been asked to take a couple of weeks unpaid holiday but this actually suits us and it is only technically an extra week as I usually buy one extra week anyway. Much reduced fuel costs as our child is only in the childcare hub a couple of mornings instead of 5 days and there are no commuting costs. Travel costs have gone from £80 a week to about £40 a month. It is a total juggling act with getting our hours done as our child has significant additional support needs and it has been very stressful at times but I am very grateful for the lack of financial impact.

@Dontknowhowtohelp1 not sure if you were temping through an agency, but if you were temping through an agency at the time of lockdown they can furlough you, as long as you were on their books on or before 19th March. This is what's happened to me.

Saving about £1600 a month in childcare costs. It's finally given me the opportunity to catch up on bills and buy bits for the house and kids which was very much needed. I work from home full time anyway so it's business as usual. DH not working as he is looking after the little ones but even still we are SO much better off.....the food bill for 3x meals a day for 5 people has been quite horrific though.
Lots of people in my company have been furloughed so potentially I may be too at some point I don't know.

We're better off - both wfh (jobs reasonably secure for now at least, obviously none of us know long-term), no commuting costs and only paying 30% retainer to nursery. I feel kinda gross about making a profit out of all of this.

Lost a portion of maintenance as xh has had temporary pay cut but got pay rise in own job this week. Interest on tracker mortgage plummeted. Shopped around and switched utilities to save there.

Prior to that, I was saving the difference through no fuel costs and being unable to shop or travel in the normal way. Food bills up but we'd normally eat out once a week so that evens out too.

I feel my job is as secure as these things can be, but who really knows. The news is heartbreaking.

Both DH and I wfh now in full pay. Some staff at my workplace furloughed but I've got busier!

Spending way more on food and mindless "treats". Spending nothing on petrol. Haven't handled cash in weeks now!!

In the minority here but we're better off, despite DH having to take a temporary pay cut down to 80%.

I'm still working my normal hours and DD isn't in nursery, and when this all kicked off we went through our direct debits and cancelled unnecessary expenditures, so despite DH pay cut, between neither of us commuting, going out, nursery costs etc we're saving well over £1k per month.

As for job security, well, who knows. DH was very concerned at the start given the industry he's in but there has been some glimmer of hope recently that things may survive in his sector. I'm pregnant and my company hasn't furloughed anyone (yet), so feeling fairly secure in my role with maternity leave being only a few months off, but we shall see.

It's highly uncertain times for everyone and I really sympathise for all those who are going through real financial hardship on top of everything else .

Much better off here. For now.
Dh is self-employed contractor. Was initially laid off but asked back 2 weeks later. He is secure until August but who knows then. He is working FT from home.
I was pt but went full-time when dh lost his job. Dh earns significantly more than me but if it wasn't for my job we would be in dire straits without his.
Kids not doing any clubs has saved us a ridiculous amount of money. Travel and associated costs have also gone down. I have managed to clear all our debts and put pots of money aside for some essentials.

dp a banker is still working fr, he may not get a bonus but we treat it as a bonus and do not rely on it) however this could be good for his sector and he could get a great bonus (unknown but just happy to have a job)

as a police officer i've worked overtime so that's money but i'll be having a pay freeze for 2 years (no change there then)

yet feel privileged to have a job - we're saving money by not going out/ driving less etc

Martin Lewis's poll a few weeks ago indicated that 60% of people were the same or better off at the moment.

I have lost about 75% of my income and working very long hours to try to save my business (developing new services but not getting anything for them yet). I get no Govt support. It's pretty grim. I can last another two or three months then will be expected to dip into the money I've been saving for DD for the past 17 years.

We were in the middle of selling my DP's house to move in together. We're now stuck paying out an extra £1000 a month in mortgages, bills and storage unit costs that we can not afford to pay. I'm on SMP and we can't apply for a mortgage break on either house as my DP is working as normal.

I have no idea if I'll be allowed to go back to work as normal, it's likely my job won't even be there if I'm allowed to go back so might be redeployed or not be needed.
My DP is emergency services so after working all the way through the pandemic as normal, he will then be stuck with years and years more wage freezes and job losses to pay for the cost of furlough. We were hoping for a promotion soon but that will be off the cards now so no chance of paying back all that we owe. There's no equity in my DP's house either so we won't even gain anything when we sell it.

Self-employed. We had income from three different streams pre COVID and have lost two of them. No gov support coming our way. The third - our old flat which we kept & rented out - pays just enough for food & bills so we're jogging along. I'm so relieved we stuck to our conviction that the flat would give us security 'if the worst came to the worst' despite the BTL tax changes. It's really saving our bacon at the moment.

We are currently slightly better off than we’d have been otherwise.
Husband has taken a 10% pay cut and I’ve just gone into the unpaid part of my maternity leave, however no commuting/ less spending in general means we are pretty much even. We’ve also taken advantage of a 3 month mortgage holiday to cover my unpaid period.
Husband has also been told that the whole company may have to take a 20% pay and hours cut. However, this has meant that we’ve been creative in my return to work (after maternity leave) and I’ll be doing one long day whilst he is home with baby and two mornings whilst she is in nursery. So our nursery fees will be minimal and childcare feels equally shared across us. We will be better off financially than if I’d been a SAHM (the plan) as my salary will be tax free (more or less). Originally I didn’t want to go back to work after ML but lockdown has made me reassess and I’m looking forward to a bit of time on my own adulting, the financial independence and the (relative) security of a two job household.
Our jobs are relatively secure but we are really trying to focus on saving / minimising spending.

I’m currently furloughed, work topping up to 100% salary. Been at home now since February, worked from home for first month or so.

DP was paye until November last year. Went self employed as a sole trader, until February when we started our limited company on the advice of our accountant. He has no work, so is earning nothing and is entitled to no help from the government. He works in London so we’re hoping he gets back soon (live in Scotland)

I got an email last night offering me voluntary redundancy. I’ve been there a year exactly so don’t really have an option but to take it. I work in aviation, the work just isn’t there and my company have already been bailed out by the Dutch government.

We’re supposed to be getting married next year but we’re currently using the wedding fund to pay the bills.

I’m shielding so can’t look for another job 😞 absolutely fucking shite

We are better off. We didn’t have any childcare costs and my commuting costs weren’t much (£150 a month) but we are saving roughly £1000 a month. This month will be the first month in forever that we aren’t in our overdraft come payday. It’s been bugging me for years so I’m thrilled.

Going forward I will put anything left by payday in a savings account.

We clearly were pissing money up the wall if we can save that much when we can’t go out. I will try my hardest to not slip back in to those ways when the time comes to return to ‘normal’.

We are ok, both still working. More work now than ever, crazy busy. Same money, still paying mortgage, appreciate we are fortunate.

I'm working 30-40 hours, instead of the 12 I'm paid to go. Working maybe 20-30 hours, instead of the 12 I'm paid to do, in my other part time job. I'm cream crackered. And can't maintain this.

Both extremely lucky to be working full time and whilst v busy able to do it from home for our usual pay and none of the associated travel costs. Still paying for kids clubs at the moment as don’t want to see them go under and more for food, but it’s fine. However got a pension statement yesterday that informed us over 30k has been wiped off the value of our private pension because of the pandemic which was a bit depressing...